Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,220 shares of the business services provider's stock after selling 13,096 shares during the quarter. Franklin Resources Inc. owned approximately 0.47% of Heidrick & Struggles International worth $3,651,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in HSII. Victory Capital Management Inc. lifted its position in Heidrick & Struggles International by 7.5% in the second quarter. Victory Capital Management Inc. now owns 5,705 shares of the business services provider's stock valued at $180,000 after acquiring an additional 396 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Heidrick & Struggles International by 1.3% during the third quarter. BNP Paribas Financial Markets now owns 34,170 shares of the business services provider's stock worth $1,328,000 after purchasing an additional 427 shares in the last quarter. Keene & Associates Inc. lifted its holdings in shares of Heidrick & Struggles International by 4.8% in the 2nd quarter. Keene & Associates Inc. now owns 9,565 shares of the business services provider's stock valued at $302,000 after purchasing an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Heidrick & Struggles International by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,738 shares of the business services provider's stock valued at $244,000 after purchasing an additional 510 shares during the period. Finally, Quest Partners LLC purchased a new position in Heidrick & Struggles International during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Heidrick & Struggles International Trading Up 0.2 %

Shares of NASDAQ:HSII traded up $0.11 during midday trading on Wednesday, hitting $44.15. The stock had a trading volume of 49,515 shares, compared to its average volume of 154,623. The company has a market capitalization of $901.06 million, a PE ratio of 23.86, a P/E/G ratio of 1.07 and a beta of 0.88. Heidrick & Struggles International, Inc. has a 1 year low of $26.52 and a 1 year high of $49.02. The stock has a 50 day moving average price of $43.93 and a two-hundred day moving average price of $38.67.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its earnings results on Monday, November 4th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. The company had revenue of $282.82 million for the quarter, compared to analysts' expectations of $267.65 million. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Heidrick & Struggles International's payout ratio is currently 32.43%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial reiterated a "hold" rating and issued a $42.00 price objective (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th. Barrington Research increased their price objective on Heidrick & Struggles International from $44.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Finally, StockNews.com raised Heidrick & Struggles International from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.